Quantitative Analysis for Management, 13/e

Discussion Questions and Problems

Discussion Questions

1. M4-1 What is a two-person, zero-sum game?

2. M4-2 How do you compute the value of the game?

3. M4-3 What is a pure strategy?

4. M4-4 Explain the concept of dominance. How is it used?

5. M4-5 How is a saddle point found in a game?

6. M4-6 How do you determine whether a game is a pure strategy game or a mixed strategy game?

7. M4-7 What is a mixed game, and how is it solved?

Problems

1. M4-8 Determine the strategies for X and Y, given the ­following game. What is the value of the game?

   $Y_1$	$Y_2$
   $X_1$	2	$\mathrm{-}4$
   $X_2$	6	10

2. M4-9 What is the value of the following game and the strategies for A and B?

   $B_1$	$B_2$
   $A_1$	19	20
   $A_2$	5	$\mathrm{-}4$

3. M4-10 Determine each player’s strategy and the value of the game, given the following ...